MasterCraft Completes Marine Products Acquisition, Forms Diversified Marine Portfolio
MCFT sits 50% above its 52-week low of $16.46.
Summary
MasterCraft Boat Holdings has officially completed its acquisition of Marine Products Corporation, a move that significantly expands its portfolio to include Chaparral and Robalo brands. This follows the shareholder approval for the merger on May 12, 2026, and earlier supplemental disclosures related to the proxy statement. The acquisition creates a more diversified recreational marine company with enhanced scale, complementary dealer networks, and a strengthened platform for innovation and growth. Marine Products common stock has ceased trading. This definitive closing finalizes the strategic combination, positioning MasterCraft for broader market reach and potential synergies, and traders will now focus on the integration process and the combined entity's future financial performance.
At the time of this announcement, MCFT was trading at $24.64 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $401.1M. The 52-week trading range was $16.46 to $28.44. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.